Monday, January 30, 2012

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[IWS] BEA: PERSONAL INCOME AND OUTLAYS, DECEMBER 2011 [30 January 2012]

IWS Documented News Service

_______________________________

Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

________________________________________________________________________

 

PERSONAL INCOME AND OUTLAYS, DECEMBER 2011 [30 January 2012]

http://www.bea.gov/newsreleases/national/pi/2012/pi1211.htm

or

http://www.bea.gov/newsreleases/national/pi/2012/pdf/pi1211.pdf

[full-text, 13 pages]

or

http://www.bea.gov/newsreleases/national/pi/2012/xls/pi1211.xls

[spreadsheet]

and

Highlights

http://www.bea.gov/newsreleases/national/pi/2012/pdf/pi1211_fax.pdf

 

 

Personal income increased $61.3 billion, or 0.5 percent, and disposable personal income (DPI)

increased $47.1 billion, or 0.4 percent, in December, according to the Bureau of Economic Analysis.

Personal consumption expenditures (PCE) decreased $2.0 billion, or less than 0.1 percent.  In November,

personal income increased $7.4 billion, or 0.1 percent, DPI decreased $4.1 billion, or less than 0.1

percent, and PCE increased $11.4 billion, or 0.1 percent, based on revised estimates.

 

Real disposable income increased 0.3 percent in December, in contrast to a decrease of less than

0.1 percent in November.  Real PCE decreased 0.1 percent, in contrast to an increase of 0.1 percent.

 

[TABLE]

 

Wages and salaries

 

Private wage and salary disbursements increased $29.1 billion in December, in contrast to a decrease

of $1.4 billion in November.  Goods-producing industries' payrolls increased $10.8 billion, in contrast

to a decrease of $6.5 billion; manufacturing payrolls increased $7.4 billion, in contrast to a decrease

of $6.2 billion.  Services-producing industries' payrolls increased $18.3 billion, compared with an increase

of $5.1 billion.  Government wage and salary disbursements increased $0.4 billion in December; government

wages and salaries were unchanged in November.

 

                                Other personal income

 

Supplements to wages and salaries increased $3.6 billion in December, compared with an increase of $1.6 billion in November.

 

Proprietors' income increased $1.1 billion in December, in contrast to a decrease of $1.2 billion in November.

Farm proprietors' income decreased $4.7 billion in December, the same decrease as in November.   Nonfarm

proprietors' income increased $5.8 billion in December, compared with an increase of $3.5 billion in November.

 

Rental income of persons increased $8.2 billion in December, compared with an increase of $8.6 billion in November.

Personal income receipts on assets (personal interest income plus personal dividend income) increased $9.3 billion,

in contrast to a decrease of $0.6 billion.

 

Personal current transfer receipts increased $13.2 billion in December, compared with an increase of $0.4 billion

in November.  Within personal current transfer receipts, government social benefits to persons were boosted in

December by retroactive social security benefit payments of $7.1 billion at an annual rate, resulting from a

recalculation of the earnings base underlying the benefits of recent retirees.

 

Contributions for government social insurance -- a subtraction in calculating personal income --  increased

$3.7 billion in December; contributions for government social insurance were unchanged in November.

 

AND MUCH MORE...including TABLES....

 

 

________________________________________________________________________

This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

 






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